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Mar 13 - 06:55 AM

USD/JPY - Slips As Traders Shift Attention Back To BOJ Rate Hikes

By Martin Miller  —  Mar 13 - 04:36 AM

• Yen climbs on bets of BOJ rate hikes

• Poll: BOJ set to hold rates this month, but hike to 0.75% in Q3

• USD/JPY has slipped from 148.38 to 147.58, on Thursday, EBS data shows

• Long upper shadow on Wednesday's candlestick hints at an upside rejection

• Dollar remains at risk of an even steeper slump

• Where USD/JPY closes at the end of the week key for direction

• Traders take note; EUR/JPY usually rises in March

Daily Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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